> ## Documentation Index
> Fetch the complete documentation index at: https://docs.slm.m1amdocs.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Rate Plans

Rate Plans let you charge based on the subscriber's consumption popular in **Pay as you Go** model or based on licensing models.

Subscribe offers two types of rate plans, each of which can be configured to suit your needs:

* **Prepaid, license-based models**: These plans provide your customers with the option to buy individual licenses, or seats, for prices defined in your rate plan. With this type of plan, you can establish pricing tiers based on the number of licenses purchased, making it easy to offer volume discounts.
* **Postpaid, usage-based models**: With this type of plan, your customer signs up for your service, uses it, and is charged for the services used. You can create price tiers based on the amount of service used. The measurement type used can be based on definitions you select, such as minutes, storage or processing volume, number of items used, or other measurements.

Rate Plans can vary based on units or tiers. For example, you may offer cloud-based storage based on quantity and tiers. Rate Plans also allow you to define a not-to-exceed amount, or define minimum per month charges.

| **Tiers** | **Price** |
| - | - |
| **1-** First 50GB of Storage | \$7 a month |
| **2-** Next 100 GB of storage | \$0.50 per GB per month |
| **3-** Additional storage | \$ 0.20 per GB per month |
| Subscribe Rate Plan highlights include: | |

* Create and manage usage-based rate plans
* Associate plans with one or more products providing modular efficiency
* Extendable data model

**Parent topic:**[Subscribe Product Catalog](../topics/productCatalog)


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